Hedge fund bet on Glencore backfires with $100m loss

The government is the largest minority shareholder in HZL.

Panama's Maritime Authority has lifted a suspension on First Quantum's operations at the port of Punta Rincon.

The contract meets "the best interests for the country," Minister Federico Alfaro told Reuters.

Resources at the Idaho project in the indicated category are estimated at 4.4 million tonnes grading 0.19% cobalt and 0.73% copper.

Freeport will be able to earn up to 80% of ArcWest’s Todd Creek project.

Fitch Ratings warned of possible lack of supplies and issues transporting ore to ports.

Fitch’s forecast reflects continued weaker demand over 2023 and slight improvements in supply as mining and smelting operations are normalised across the market.

The world’s biggest copper trader has been vocal in warning that higher prices will be needed to incentivize miners to bring new production online.

BHP expects global copper and nickel supplies to remain below demand as few new mines for either metal are coming online in the near future.